Japan Cotton Traders’ Association Joins ICA
June 1, 2015 The Japan Cotton Traders’ Association (JCTA) has become a member of the International Cotton Association (ICA), officially joining the ICA safe trading community.
“The Japan Cotton Traders’ Association is delighted to formalize its relationship with ICA, as shown by the fact that there have been no firms from Japan on the ICA’s default list,” said Ken Yamaoka, JCTA president. “Each and every member of JCTA fully supports the principle of contract sanctity and the ICA values.
“We look forward to working more closely with the ICA and its members.”
With more than 550 members that represent all sectors of the cotton trade, the ICA introduced a special Affiliated Association membership category in 2011, aimed at like-minded cotton associations to help reinforce contract sanctity and promote safe trading across the supply chain. JCTA becomes the eighth association to affiliate with ICA, joining Supima, Bangladesh Cotton Association, Abrapa, Spinners & Weavers Association of Korea, Australian Cotton Shippers Association, Turkey’s IPUD, and the Better Cotton Initiative.
“There are only a few organizations that share a long, consistent and somewhat similar history to the ICA, and the JCTA is certainly one of them,” said ICA President Jordan Lea. “Japan and its cotton industry have been reputable partners for years now, and having them join ICA to help us foster the safe trading environment efforts is a win-win for both organizations.
“Members of the JCTA and the Japanese industry serve on our board, attend our functions and participate in the ICA at every level,” he added. “The opportunities to support one another as we move forward together are welcomed by all.”
Established in 1841, the ICA is the world’s leading international cotton trade association and arbitral body. The organization is headquartered in Liverpool, England.
Source – International Cotton Association
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